Valley City, North Dakota Property Taxes
The median property tax rate in Valley City, ND is 1.09%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With a median home value of $154,600 in Valley City, the typical annual property tax bill amounts to $1,812, which is below the national median of $2,690. Property taxes in Valley City are based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Gaining a thorough understanding of Valley City's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're residing in the heart of Valley City or another part of Barnes County, familiarizing yourself with the local property tax system can greatly benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Valley City, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,685
Ownwell’s Valley City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valley City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valley City to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Valley City, North Dakota
Property taxes in Valley City, North Dakota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valley City is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Valley City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valley City estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Valley City's effective property tax rate to other areas and the national median. For comparison, the 58072 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Valley City provides valuable insights into the varying tax landscape across Barnes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Valley City Tax Rate
1.09%
Average Barnes County Tax Rate
1.12%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valley City, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58072 | 1.02% | 1.09% | 1.09% | 1.26% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Valley City, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Valley City, North Dakota. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Valley City, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Valley City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Valley City both stand at $1,812, specifically in the 58072 zip code.
Property Tax Assessment Values Across Valley City, North Dakota
Source: Ownwell
$17,400
$86,000
$154,600
Average Valley City Assessed Value
$154,600
Average Barnes County Assessed Value
$86,700
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Valley City, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58072 | $7,921 | $60,400 | $154,600 | $243,000 | $348,820 |
Source: Ownwell
Property Tax Bills Across Valley City, North Dakota
In Valley City, located in Barnes County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the final tax bill. The median home price in Valley City is $154,600, and the property tax rate in this area leads to a typical tax bill that can vary significantly. For instance, homeowners at the 25th percentile pay around $871, while those at the 75th percentile see bills closer to $2,825. At the 90th percentile, the tax bill can reach up to $4,135. Several factors influence these variations, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Valley City's tax rates can be seen as moderate to high, impacting homeowners' annual expenses. Understanding these factors is crucial for homeowners to budget effectively and anticipate their financial responsibilities.
Average Valley City Tax Bill
$1,812
Average Barnes County Tax Bill
$1,027
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Valley City, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58072 | $189 | $871 | $1,812 | $2,825 | $4,135 |
Source: Ownwell